OPEC

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For the past few months, patrons of the pump have been asking one major question: “Why are gas prices so low?” In fact, the inquiry is being typed into Google so much, it’s become a popular search term. As a March 30 article from...

Even though analysts are predicting a diminishing clout of OPEC with respect to regulating oil prices, the organization, led by Saudi Arabia, still run the show.The past few months have been hard on the oil industry. From 2010 until mid-2014, the...

Beginning in the middle of October, oil prices began a steep decline that has lasted now into the beginning of 2015, with the $50 handle falling by the market close on Jan. 5. There has been much speculation by analysts on whether this sharp...

Next year looks to be a rough one for Texas, for despite a steep drop in oil prices OPEC in November decided to not decrease the production sending crude oil prices to a five year low. The decision was not a welcome one. Venezuela and Iran wanted...

The Dow ended a volatile week with a modest 26-point gain on Friday. This came after a roller coaster week that saw wide swings in both directions. On Thursday the Dow rose 421 points just one day after Fed Chair Janet Yellen, announced that...

It's becoming exceptionally apparent that the fracking boom is dramatically increasing fossil fuel production. Couple that with geopolitical strategies and you've got the making for cheap oil.While running for president in 2011, Michele...

While the ramifications of a U.S.- Saudi Arabian 'secret oil' deal conflict with OPEC's recent stance in holding oil production levels the same, a collateral effect is taking place for American oil producers and servicing companies who...

Gas prices are rising again and it has people wondering. Why are gas prices going up? And how high will gas prices rise this time? In California, Los Angeles is already hit with $5 gallon gas. San Diego County’s average gas price has reached...

During the last several months, world oil prices increased and remained high because of the US-led West's heightened tensions against Iran. “The world need oil, and Iran has it to sell at prices cheaper in many cases than OPEC which has...

On Thursday, Republicans in the U.S. Congress, who have spent weeks trying to get approval for the Keystone XL pipeline in exchange for payroll tax cut extensions, were still determined to block any progress, while Americans continue to struggle...

According to an article published in USA Today, Sunday, December 4, 2011, Newt Gingrich, budding GOP frontrunner for the 2012 presidential is first to accept an invitation to a Trump debate, a belated Christmas gift to conservatives from The...

Two things happened in the world today that should be of concern for all Minnesotans and the country at large. It was reported on the Glen Beck radio program on KTLK today that the country has reached its debt limit. “Treasury Secretary Tim...

The latest buzz consuming local and national headlines appear to have the recurring theme…out of control gas and oil…residents are asking “when will it stop?” “Why aren’t we drilling for oil?” asked Sam...

I have talked about energy independence a lot, but it is even more important than runaway spending, or big budget deficits. With recent events it has become obvious just how important our lack of an energy policy really is.The government will...

I can't start a series on energy sources without first talking about oil. Oil is by far our largest supplier of energy. It currently meets about 35% of the world's energy needs. According to the US Energy Information Administration, the US...